What is honey pshps tax liability

Assignment Help Accounting Basics
Reference no: EM133654949

Carlyle is a 50% partner in Honey Pshp. Carlyle's marginal tax rate is 22%. Honey Pshp reports $150,000 profit on its tax return for the year. What is Honey Pshp's tax liability?

Reference no: EM133654949

Questions Cloud

What is the inventory turnover for kenny rogers roasters : Inventory, $6,034,000 in Sales, $817,040 in net fixed assets, $3,496,672 in Total Assets, and $1,144,800 in Current Liabilities. What is the Inventory turnover
How much of the $475 sales price should be allocated : If sold separately, the tires would sell for $400 and the rotating and balancing services would have cost $120. How much of the $475 sales price should
What amount of the business interest is deductible in 2023 : business interest expense of $200,000. What amount of the business interest is deductible in 2023
Why the country you select will meet intels requirements : Explain why the country you select will meet Intel's requirements for a location better than the other options.
What is honey pshps tax liability : Carlyle is a 50% partner in Honey Pshp. Carlyle's marginal tax rate is 22%. Honey Pshp reports $150,000 profit on its tax return for the year. What is Honey
What was the company''s income before income taxes : What was the company's income before income taxes for the two months ended February 28 under the following methods of accounting?
Calculate the total market value of her investments : The market price of her telecommunications shares decreased by 25% and that of information technology increased by 65%. a. Calculate the total market value
Why would a company like colgate want to enter frozen food : Why would a company like Colgate want to enter the frozen food market where there is massive competition for limited freezer space at grocers?
Which statements is true about the scenario : A private airline employs both full-time and part-time employees. One of its administrative professionals, Davis. Which statements is true about this scenario?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the missing amounts for each of the following

calculate the missing amounts for each of the following firms do not round your intermediate calculations. negative

  Make differential analysis report

Required - Make differential analysis report, dated February 8 of the current year, on the proposal to discontinue Product J

  Reed companys sales last year totaled 167000 and its return

reed companys sales last year totaled 167000 and its return on investment roi was 16.80. if the companys turnover was

  By what amount Crane stockholders equity changed

Crane paid dividends of $50700. Crane's stockholders' equity changed by what amount from the beginning of the year to the end of the year

  How do you think this new issuance will affect the bank loan

As a loan officer at a bank, six months ago you helped Cedar Ltd. arrange a $1.5-million, How do you think this new issuance will affect bank's outstanding loan

  Arctic cat''s current ratios compare to their industry

Key figures for the recent two years of Polaris and Arctic Cat follow.

  Should entity a recognise a liability for damages

How should it deal with the information it receives 2 weeks after the financial statements are published? Should Entity A recognise a liability for damages

  How will Geoff treatment of mine

How will Geoff's treatment of mine and exploration expenditures affect his regular income tax and AMT computations for 2019

  Provision of accounting information

Proponents of the ‘Free Market‘ approach argue that provision of accounting information should be based on the laws of supply and demand rather than on regulation.

  At an activity level of 9200 machine-hours in a month smith

at an activity level of 9200 machine-hours in a month smith companys total variable production engineering cost is

  Determine what is the average tax rate

Geronimo files his tax return as a head of household for year 2020. If his taxable income is $72,000, what is his average tax rate? (Use tax rate schedule.)

  Elements for action which is based on strict liability

Eagle Tools, Inc., the manufacturer of the gun, for product liability, on the ground of strict liability. What are the elements for an action based on strict liability? In whose favor is the court likely to rule?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd